Core Insights - The article highlights the recent developments in the electric vehicle (EV) market, focusing on new model launches and significant financial results from key players in the industry. New Car Launches - Lantu Taisan was launched with a price range of 379,900 to 509,900 yuan, featuring advanced technologies such as a three-chamber air suspension and dual 16° rear-wheel steering [5][6][14] - The new Galaxy Starship 7 EM-i was launched at a limited-time price of 95,800 to 123,800 yuan, offering enhanced safety and comfort features [15][16][31] - Dongfeng Xinghai S7 was launched with a price range of 105,900 to 135,900 yuan, featuring a spacious design and competitive electric range [32][40] - The new Xiangjie S9 was launched with a price range of 309,800 to 369,800 yuan, offering a luxurious interior and advanced driving assistance systems [41][56] - Xiaopeng X9 range-extended version was launched at a price of 309,800 to 329,800 yuan, featuring high-performance specifications and advanced AI capabilities [57][66] - Changan Q05 was launched with a price range of 79,900 to 109,900 yuan, featuring a compact SUV design and advanced connectivity options [69][75] - Tesla Model S/X was relaunched with prices of 882,900 and 942,900 yuan respectively, featuring minor updates and improved comfort [76][82] - Lantu Dreamer Mountain River was launched at a price of 709,900 yuan, featuring a luxurious MPV design and advanced technology [88][94] - MG4 semi-solid state version was launched at a limited-time price of 99,800 yuan, featuring innovative battery technology [95][101] - Ford Mustang Mach-E began pre-sales with a price range of 229,800 to 282,800 yuan, featuring a rugged design and advanced technology [102][111] - Deep Blue L06 began pre-sales with a limited-time price range of 132,900 to 154,900 yuan, featuring a sporty design and advanced driving features [114][123] - Leap A10 made its global debut and opened for blind orders, featuring a competitive price and advanced technology [125][133] - Extreme Stone ADAMAS began blind orders at a price of 998,800 yuan, featuring a luxurious SUV design [134][141] - GAC Aopai SSR Cloud Pattern Gold Edition was launched at a price of 1,486,000 yuan, featuring a unique design and high-performance specifications [142][149] - Leado L90 Black Knight Edition was launched at a price of 306,800 yuan, featuring a sporty design and advanced electric capabilities [150][155] - Ora 5 began pre-sales with a price range of 109,800 to 142,800 yuan, featuring a retro design and advanced technology [156][165] - Volkswagen Passat ePro and new Tiguan L plug-in hybrid models were showcased, indicating Volkswagen's commitment to the Chinese market [166][173] Company Dynamics - Geely Auto reported a record revenue of 89.2 billion yuan for Q3, a 27% year-on-year increase, with a net profit of 3.96 billion yuan [3][174][177] - Xiaopeng Motors reported a Q3 revenue of 20.38 billion yuan, a 101.8% year-on-year increase, with a gross margin of 20.1% [3][179][182] - Xiaomi's automotive and AI business achieved profitability for the first time in a single quarter, with revenues of 29 billion yuan [3][184][187] - The launch of the Qiji and Yijing brands marks a significant step in Huawei's automotive strategy, focusing on high-end intelligent mobility solutions [3][188][191]

Core Insights - Geely Galaxy has unveiled its flagship MPV, the Super AI Extended Range Geely Galaxy V900, at the 23rd Guangzhou International Auto Show, marking its entry into the high-end MPV market [1] - The V900 features a flagship design, versatile space, and advanced intelligent technology, aiming to redefine the value standards in the high-end MPV segment [1] - The vehicle is powered by the Flyme Auto 2.0 system and integrates Geely's self-developed Starry AI model, providing seamless operation and natural voice interaction [1][2] Group 1 - The V900 is built on the GEA Evo global intelligent new energy flagship architecture and is the first flagship product to feature Geely's Super AI extended range technology [2] - It includes an advanced driving assistance system with 27 perception units, enabling 360-degree situational awareness and complex maneuvers across various driving conditions [2] - The intelligent parking system supports over 300 parking types with a success rate exceeding 99%, enhancing user convenience [2] Group 2 - Geely's unique Shield Battery Safety System surpasses industry standards with over 100 battery pack-level tests, ensuring enhanced safety for users [3] - Geely Galaxy has achieved cumulative sales of over 1 million units in the first ten months of this year, becoming the fastest domestic new energy brand to reach this milestone [3] - The company plans to launch 1-2 new models each quarter next year and aims to establish a million-unit export system by 2027, focusing on overseas market expansion [3]

Core Insights - The global debut of the Geely Galaxy V900 marks a significant milestone for the Geely Galaxy brand, achieving the fastest annual sales of one million units among new energy brands in the industry [1][23] - The V900 aims to disrupt the traditional luxury MPV market with its combination of global design standards, cutting-edge technology, and Chinese spatial wisdom [1][23] Design and Aesthetics - The V900 features a unique luxury design that blends Eastern and Western aesthetics, inspired by the concept of a "land yacht" [3] - The vehicle's dimensions are 5360mm in length, 1998mm in width, and 1920mm in height, with a wheelbase of 3200mm, creating a stable and elegant cruising posture [3] - Exclusive design elements, such as the 24K gold emblem and intricate grille design, reflect a fusion of luxury and cultural significance [5] Interior and Space - The interior design emphasizes "Chinese luxury," with features that symbolize progress and harmony, such as a tiered dashboard and traditional motifs [7] - The V900 offers a spacious interior with a first-in-class effective area of 8.41㎡ and a legroom of over 1013mm in both the second and third rows, addressing common space issues in high-end MPVs [8][10] - The vehicle supports flexible seating configurations, including a unique fourth-row option, catering to various user needs from business to family [12] Technology and Performance - The V900 is built on the GEA Evo global intelligent new energy architecture, featuring advanced AI technology for enhanced user interaction and safety [15] - It is equipped with the Flyme Auto 2.0 system and a Snapdragon 8295P chip, enabling seamless voice interaction and intelligent driving assistance [17] - The powertrain includes a dual-motor all-wheel-drive system with a maximum power output of 340kW and a comprehensive range of 1200km, addressing range anxiety [20] Safety Features - The V900 incorporates a leading battery safety system with high waterproof and dustproof ratings, ensuring reliability in various conditions [22][23] - Structural safety features include a robust seat locking mechanism and emergency escape options, enhancing passenger safety [23] Market Positioning - The launch of the V900 represents a strategic move for Geely Galaxy into the high-end MPV market, competing with established models like the Lantu Dreamer and Denza D9 [23] - The vehicle's combination of luxury experience and advanced technology is expected to reshape the high-end MPV market landscape, appealing to both traditional luxury consumers and new energy enthusiasts [23]

Core Insights - The global automotive industry is experiencing a divergence in performance, with domestic Chinese automakers showing stronger growth compared to established overseas giants [4][9]. Sales Performance - Toyota and Volkswagen reported modest sales growth of 6% and 1% respectively, while several major overseas companies like Stellantis, General Motors, Honda, Mercedes-Benz, and Tesla experienced negative sales growth [3][4]. - In contrast, domestic companies such as BYD, SAIC, Geely, Changan, and Chery achieved significant sales increases, with BYD's sales reaching 3.26 million units, marking a 19% year-on-year growth [2][4]. Revenue Trends - Revenue growth for domestic automakers was robust, with BYD, Geely, and Chery all achieving double-digit revenue increases, while most overseas companies reported only single-digit growth or negative revenue changes [4][8]. - The revenue figures for major overseas companies were as follows: Toyota at 167.24 billion, Volkswagen at 195.51 billion, and Ford at 100.24 billion, with only slight increases or declines [1]. Profitability Analysis - Overseas automakers faced significant profit declines, with companies like Mercedes-Benz and Volkswagen seeing profit drops exceeding 50%, while Toyota's profit fell by 16% [5][6]. - In contrast, domestic companies like BYD and Chery maintained strong profitability, with both achieving net profits exceeding 10 billion [4][9]. R&D Investment - Domestic automakers are increasing their R&D investments, with BYD's R&D spending reaching 43.7 billion, a 31% increase year-on-year [8]. - Conversely, some overseas companies, such as Volkswagen and BMW, have reduced their R&D expenditures due to profit pressures, with declines of 9% and 15% respectively [8]. Strategic Outlook - The shift towards electrification and intelligent technology in the automotive industry presents a strategic opportunity for Chinese automakers to close the gap with their overseas counterparts [9].

Core Insights - The Geely Galaxy V900, the first flagship MPV under the Galaxy brand, was unveiled at the 23rd Guangzhou Auto Show, marking a new milestone in Geely's high-end MPV segment [1] - The vehicle is built on the GEA Evo global intelligent new energy flagship architecture and features Geely's Super AI range extension technology [2] Group 1: Intelligent Features - The Galaxy V900 offers an industry-leading intelligent experience powered by AI, featuring the Flyme Auto 2.0 system, DeepSeek, and Geely's self-developed Xingrui AI model, enabling seamless operation and natural voice interaction [1] - The active AI agent EVA can express emotions, learn from memory, and engage in deep thinking, supporting dialect recognition and bilingual interaction [1] Group 2: Advanced Driving Assistance - The vehicle is equipped with the Qianli Haohan H5 driving assistance system, which includes 27 perception units for comprehensive 360-degree sensing capabilities [1] - The end-to-end NOA function supports complex maneuvers such as voice lane changes and U-turns across various driving conditions [1] Group 3: Battery and Safety Features - The Galaxy V900 utilizes CATL's Xiaoyao battery, capable of charging from 30% to 80% in just 18 minutes, addressing range anxiety for users [2] - The vehicle features Geely's innovative Shield Battery Safety System, which includes a robust design for crash protection and high waterproof and dustproof ratings [2] - The safety system has undergone over 100 battery pack-level tests, exceeding industry standards and ensuring passenger safety [2]

智通财经APP获悉，根据TrendForce集邦咨询最新调查，2025年第三季全球新能源车（NEV）新车销售 量达539万辆，年增31%。其中，纯电动车（BEV）销量达371 万辆 ，年增48%；插电混合式电动车 （PHEV）销量为167万辆，年增4%。 | Rank | BEV | Market Share | PHEV | Market Share | | --- | --- | --- | --- | --- | | ना | BYD | 15.4% | BYD | 27.9% | | ਨੂੰ | Tesla | 13.4% | AITO | 6.8% | | s | SAIC-GM-Wuling | 6.1% | Chery | 6.6% | | 4 | Geely | 6.0% | Geely | 6.2% | | 15 | Leapmotor | 4.1% | Li Auto | 4.5% | | 6 | Xpeng | 3.1% | Changan | 3.4% | | 7 | Volkswagen | 2.9% | Lynk & Co. | 3.3% | | B | Xiaomi | 2.9% ...

Nov. 24, 2025 产业洞察 根据TrendForce集邦咨询最新调查， 2025年第三季全球新能源车（NEV）新车销售量达539万辆，年 增31% 。其中，纯电动车（BEV）销量达371 万辆 ，年增48%；插电混合式电动车（PHEV）销量为 167万辆，年增4%。 BYD（比亚迪）蝉联第三季BEV销量冠军，但销量较第二季减少。位居第二的Tesla（特斯拉）第三 季表现强劲，季增达29%，增长动能主要来自美国市场补贴期限的刺激，以及在中国市场实现季度成 长。Geely（吉利）和Leapmotor（零跑）第三季展现惊人成长力道，市占率分别为6%、4.1%，并连 续两季超越Xpeng（小鹏）。 Volkswagen（大众）第三季的排名退至第七，其在中国市场的衰退幅度抵销在欧美市场的增长。 Hyundai（现代）排名第九，第三季销量为季衰退但年成长。BMW（宝马）（不含MINI）纯电车销 量持续减少，对其全年成长目标构成挑战。 | Rank | BEV | Market Share | PHEV | Market Share | | --- | --- | --- | --- | --- | | ना | ...

虽然在部分人看来，本届广州车展没有之前那么热火朝天，但至少在某些产品细分赛道，车企们显得"热情高涨"，大六座SUV就是一个典型例子。在广州车 展上诸多大六座SUV的重磅发布，可谓丰俭由人，各有的各的卖点。 购买门槛在30万元以下的，不乏吉利、奇瑞这些自主品牌大厂以及大牌造车新势力出品。 吉利银河M9以不足18万元的起售价，提供了宽敞六座空间和全员奢享的舒适体验。同时，它搭载了新一代雷神电混系统和AI数字底盘，兼顾了强劲性能、 低能耗和高阶智能驾驶。在广州车展完成上市首秀的奇瑞风云系列风云T11，起售价为18.99万元。该车要以越级配置，打造成豪华SUV的平替产品。乐道 L90售价从26.58万元起，支持Baas租电方案的起售价更低至17.98万元。 入手门槛为28.99万元的领克900，采用了SPA Evo架构，可旋转二排座椅、双8295芯片，具备丰富的动力选择。起售价为29.98万元的腾势N8L，全系标配"易 三方"技术平台和云辇-A智能空气悬架。预计明年上半年交付的零跑D19，以25万-30万级定价，提供了号称百万级的空间配置。而魏牌蓝山也以29.98 万-32.68万元的售价，通过媲美百万级豪车的舒适空 ...

CITI'S TAKE Summary below on Oct-25 insurance retail sales trend. Figure 1: Who gained NEV market shares – SAIC GM Wuling, Xiaomi, Chery, Nio, SAIC Motor, Seres and etc. gained NEV market shares MoM in Oct-25; Insurance retail data suggest Oct-25 China domestically produced NEV-PV sales was -8% MoM (+1% YoY), missing expectations (China Auto Manufacturers - CPCA Oct Update; NEV Retail Miss while Export Beat). Vi e w p o i n t | 16 Nov 2025 23:56:22 ET │ 13 pages China Auto Manufacturers 11 Figures; 11 Trend ...

Global BEV sales grew +31% y/y in Sep-25 (+20% m/m) landing at an all-time monthly high of c.1.5m units. This leaves 3Q25 sales at 3.9m units (+32.% y/y), which is also a historic record. On a regional basis, the US led global growth in 3Q (+33% y/y) a first since 2Q24 driven by pre-buying before EV credits ended on September 30, 2025. Europe came second with a slightly lower +32% y/y growth despite a seasonally lower sequential development (-2% q/q). We expect global BEV sales to grow strongly at: +27% y/y ...